According to a research report titled GLOBAL Influenza Vaccines Market 2019-2028’ available with Market Report Study LLC, global influenza vaccines market is anticipated to record 6.20% CAGR during 2019-2028.
 

As per research findings, rapid technological advancements in the field of vaccine development is responsible for the growth of worldwide influenza vaccines industry. Furthermore, increased government efforts for awareness regarding vaccinations through several immunizations programs is promoting industry growth.
 

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Surging influenza cases across the world is expected to create new growth opportunities for organizations working in this business sphere.
 

However, high development costs and stringent regulations imposed by governments are anticipated to hamper global influenzas vaccines market growth during the forecast period.
 

Based on technology gamut, the industry is split into egg-based, and cell-based. Moving on to type, the market segmentation comprises quadrivalent and trivalent vaccines.
 

Speaking of age group, the research literature classifies this business vertical into pediatric and adult segments. Further, the market, on the basis of delivery mode, is classified into injections and nasal sprays.
 

Considering the geographical terrain, the research analyzes Latin America, Europe, North America, Asia-Pacific, and the Middle East and Africa to determine the overall influenza vaccines market size and its scope.
 

Among these, countries like India, Japan and China from the Asia Pacific Region are anticipated to record substantial growth during the forecast period owing to rising prevalence of influenza, subsequent rise in demand for vaccinations, and accelerated spending on healthcare. Furthermore, government investments for vaccine development programs, and research and development activities undertaken by regional market players are also supporting business development in APAC.
 

Key contenders influencing global influenza vaccines market trends are Merk & Co., Inc., Pfizer, Inc., Biodiem, F. Hoffmann-la Roche AG, Abbott Laboratories, GlaxoSmithKline plc, Sanofi S.A., Novartis International AG, Emergent Biosolutions, Inc., and CSL Ltd.